Cryptocurrency analyst Jason Pizzino believes that Ethereum (ETH) could experience a significant decline in value due to a bearish double-top pattern on the weekly chart. Pizzino suggests that ETH may drop by more than 47% to a range between $1,500 to $1,600, and potentially even lower to $1,200. He references historical instances of similar patterns occurring in other assets, such as Bitcoin and the S&P 500. At the time of writing, ETH is trading at $2,231, showing a 2.4% increase in the last 24 hours.



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